Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2011-06-07

Engineering goods top India's export list

The government's incentives to exports to non-traditional markets have helped Indian companies

The country's shipments of engineering goods have increased almost eight fold in the last decade to become the biggest item of exports, ahead of primary products that used to dominate earlier.

Engineering goods include metal products, industrial machinery and equipment, auto and its components, and transport equipment.

"The rest of the world has begun to see India as a good destination for engineering goods where we have scale of operations as well as niche and proprietary products," said Yatin Shah, managing director, Precision Camshafts.

The government's incentives to exports to non-traditional markets have helped Indian companies. The share of Europe and the US is down nearly 15 percentage points over the decade. The share of Russian Federation, Middle East and Africa is up to 13.5% from 5% a decade back.

"The engineering goods have moved from the low to the medium end in terms of skill, knowledge and R&D applied," says KT Chacko, Director of IIFT.

"Emerging markets in general are more cost competitive," said Shankar Raman , CFO of engineering major L&T. "There seems to be a shift from the high cost-low productivity west to low cost-high productivity east," he said.

Precision Camshafts is increasing its capacity and will soon become the largest camshaft manufacturer in the world.

A two-and-a-half times increase in exports over a period of 7-8 years is clearly achievable", BN Kalyani, Chairman and Managing Director, Bharat Forge added.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    Having passion and love to work on cars!! Join hands..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000 to 1500 Sq.Ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • About Vedic:-Vedic is an established Indo-western casual wear brand that..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • About Medlife:-Medlife is an innovative healthcare technology company based out..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required - 120 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Snacks / Namkeen shops
    about:Haldiram’s Prabhuji has come a long way since its humble beginning..
    Locations looking for expansion West Bengal
    Establishment year 1950
    Franchising Launch Date 2016
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000 - 5000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities